Which of the following statements is TRUE with regards to discontinued operations?

Options:

To qualify as a discontinued operation, the cash-generating unit must be a minor line of business.

To qualify as a discontinued operation, the proceeds of sale must come from continued use of the assets. 

Discontinued operations must be an operating segment of the company which has already been sold.

The assets of company's discontinued operations must be classified as held-for-sale non-current assets under IFRS.

The assets held for sale of a discontinued operation are re-measured at the lower of the carrying value and fair value less costs to sell.

Answer rating: 100% (QA)

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